Helpful Additional Fib Retracement Properties For ThinkOrSwim

cabe1332

Active member
Helpful Additional Fib Retracement Properties For ThinkOrSwim
Indicators found on these charts: https://usethinkscript.com/threads/cabe1332-commonly-used-chart-indicators-for-thinkorswim.8853/

I would like to share what has worked for me in the last 3 weeks with great results.

I had problems with entries/exits and profit-taking on trending stocks.
I had indicators to tell me to sell signals only to miss out on greater opportunities.
I trade what I see and at times indi signals aren't perfect.

I found Fib retracement a great tool to use on pullbacks and good entries.
I've added additional extension properties to Fib retracement to provide me with exit targets on a trending stock at a single plot.

Once I have my entry/exit/stop-loss price set on a stock then I just wait and watch profits.
I use the next-level price properties for stop-loss.

If the trade did not work, then I move to the next stock opportunities.

I have attached some screenshots to show samples (images do show a thousand words and support the story).
I am a believer that if you help enough people, the money will come. Good Karma. Good luck and good trading! @cabe1332

gXFctWn.png


neq9tLV.png


Cy4D2Cr.png
 
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Helpful Additional Fib Retracement Properties For ThinkOrSwim
Indicators found on these charts: https://usethinkscript.com/threads/cabe1332-commonly-used-chart-indicators-for-thinkorswim.8853/

I would like to share what has worked for me in the last 3 weeks with great results.

I had problems with entries/exits and profit-taking on trending stocks.
I had indicators to tell me to sell signals only to miss out on greater opportunities.
I trade what I see and at times indi signals aren't perfect.

I found Fib retracement a great tool to use on pullbacks and good entries.
I've added additional extension properties to Fib retracement to provide me with exit targets on a trending stock at a single plot.

Once I have my entry/exit/stop-loss price set on a stock then I just wait and watch profits.
I use the next-level price properties for stop-loss.

If the trade did not work, then I move to the next stock opportunities.

I have attached some screenshots to show samples (images do show a thousand words and support the story).
I am a believer that if you help enough people, the money will come. Good Karma. Good luck and good trading! @cabe1332

gXFctWn.png


neq9tLV.png


Cy4D2Cr.png
Could you please share where you started with the fibonacci template to input the numbers? I tried to used the Fibonacci under "Pattern" on top, but it didn't work.Thanks in advance.
 
Could you please share where you started with the fibonacci template to input the numbers? I tried to used the Fibonacci under "Pattern" on top, but it didn't work.Thanks in advance.
If you still want to change the fib properties, it is very easy to do. Just draw a fib on the chart with the drawing tool**, then right click anywhere on the fib drawing. That should bring up the fib properties dialog box as shown in the first image above on this thread. In the dialog box you can make changes for that fib drawing only or you can select Save as Default to change fib properties for all fibs you draw in the future.

Best wishes and happy trading!

**In TOS it is the percent sign (%) symbol in the drawing tools menu
 

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